UAW and FCA reach new deal to end two tier wages
The UAW unveiled a revised contract with Fiat Chrysler aiming to close the pay gap within eight years. The agreement raises top wages for long-tenured workers to 29 an hour while 40,000 FCA hourly workers at 23 plants would vote next week, with details naming plants receiving a 5.3 billion U.S. investment including Toledo Assembly Complex which is not expected to cut jobs.
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Detroit
United Auto Workers Union
Fiat Chrysler
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Associated Press
Wall Street posts best week of the year with airline gains
The Dow, S&P 500, and Nasdaq closed higher as airlines and industrials drove a weekly advance. Investors eye upcoming corporate earnings from banks and giants like Intel, Netflix, UnitedHealth, and GE amid modest Fed rate expectations.
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New York
Standard & Poor
Germany
France
Asia
Japan
China
Hong Kong
Federal Reserve
Fed
American
JetBlue Airways
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Intel
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Nuveen Asset Management
House set to vote on reviving Export-Import Bank
Dozens of Republicans joined Democrats to push a discharge petition and secure a House vote on reviving the Export-Import Bank after its charter lapsed. Supporters say the program sustains tens of thousands of manufacturing jobs by financing U.S. exports like airplanes and heavy equipment, despite GOP opposition.
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Washington
U.S
House Financial Services Committee
Jeb Hensarling
Texas
Kevin McCarthy
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House
John Boehner
West Chester
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Bob Dold
R-I
Frank Lucas
R-Okla
LeBron James Ends McDonald’s Deal for Blaze Pizza Endorsement
Cleveland Cavaliers star LeBron James splits from McDonald’s after years of association and signs an endorsement with Blaze Pizza. The move follows public remarks about McDonald’s influence on his diet and workout regime, with McDonald’s calling the separation mutual.
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Chicago
McDonald’s
Cleveland Cavaliers
LeBron James
Burger Giant
Blaze Pizza
James
Tate McDonald’s
Lisa McComb
Pasadena
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